RE:FCX 2016 exploration cuts FCX's problems all stem from their poorly timed venture into oil and gas. It boogies the mind why they don't divest that operation and move on, but they keep doubling down. Regardless, this should not impact us. The mining leases are time sensitive, so FCX needs to deliver a FS by I think 2017 if I remember correctly. No time for them to mess about. They need to keep moving forward or sell. Either way, we are good.